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Pierluigi Paganini December 09, 2012
BitcoinCentral operates as bank,reflections from multiple perspectives

Virtual currency schemas, despite used by large communities, face with intrinsic instability that makes them not ideal for investments for financial entities. Banking systems represents the unique opportunity for investors that while accepting the risks related to financial transactions don’t want to work with a currency with no real equivalent or that it is managed […]

Pierluigi Paganini November 19, 2012
Bitcoin … the new paradise for money laundering

    In the last decade the cybercrime had made a substantial leap forward of the main threats to the security of each government. The turnover has reached unimaginable numbers attracting ordinary crime and creating new partnerships between organized crime and cybercrime making impossible to indistinguishable them. Group of criminals are paying cybercriminals to receive […]

Pierluigi Paganini October 29, 2012
Please can you explain what it is and how does the bitcoin work?

After the publishing of the book “Deep Dark Web” many colleagues asked me to explain how does work the finance in hidden world and which is the currency used for the transactions? Of course I receive many question also on Bitcoin by common people so I decided to introduce the basic concepts behind the famous […]

Pierluigi Paganini May 11, 2012
FBI on Bitcoin,between cybercrime opportunity & digital choice

Law enforcement, FBI first, are worried by the diffusion of the Bitcoin network that could be used by groups of criminals for several activities. The main problem related to the payment system is that is completely anonymous making impossible to trace the transitions and related users. Bitcoin is a decentralized electronic cash system that uses […]

Pierluigi Paganini February 02, 2026
Hackers exploit unsecured MongoDB instances to wipe data and demand ransom

Over 1,400 exposed MongoDB servers have been hijacked and wiped by hackers, who left ransom notes after exploiting weak or missing access controls. Cybersecurity firm Flare reports that unsecured MongoDB databases remain easy targets, with 1,416 of 3,100 exposed servers compromised. Hackers wiped data and left ransom notes, usually demanding $500 in Bitcoin, often using […]

Pierluigi Paganini January 30, 2026
Empire Market co-founder faces 10 years to life after guilty plea

Empire Market co-founder Raheim Hamilton pleaded guilty to U.S. drug conspiracy charges in Chicago, facing a mandatory 10 years to life in prison. Raheim Hamilton (30) of Virginia, co-creator of the dark web marketplace Empire Market, pleaded guilty in Chicago to a federal drug conspiracy charge. Empire Market allowed users to anonymously buy and sell […]

Pierluigi Paganini January 17, 2026
Ukraine–Germany operation targets Black Basta, Russian leader wanted

Police in Ukraine and Germany identified Black Basta suspects and issued an international wanted notice for the group’s alleged Russian leader. Ukrainian and German police raided homes linked to alleged Black Basta ransomware members, identifying two Ukrainian suspects. Law enforcement also issued an international wanted notice for the group’s alleged Russian ringleader. “The Office of […]

Pierluigi Paganini January 11, 2026
Security Affairs newsletter Round 558 by Pierluigi Paganini – INTERNATIONAL EDITION

A new round of the weekly Security Affairs newsletter has arrived! Every week, the best security articles from Security Affairs are free in your email box. Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press. A massive breach exposed data of 17.5M Instagram users North Korea–linked APT Kimsuky behind quishing attacks, […]

Pierluigi Paganini January 05, 2026
The cybercriminal behind the 2016 Bitfinex hack has been released from prison early thanks to Trump’s 2018 First Step Act

Ilya Lichtenstein, who was sentenced to prison for his role in the Bitfinex hack that occurred in 2016, has been released from prison early. Ilya Lichtenstein (38), convicted for the hack of the cryptocurrency stock exchange Bitfinex in 2016, has been released from prison early. A Trump administration official told CNBC that Lichtenstein served significant prison time […]

Pierluigi Paganini January 02, 2026
Two U.S. cybersecurity professionals plead guilty in BlackCat/Alphv ransomware case

Two U.S. cybersecurity professionals pleaded guilty to charges tied to their roles in BlackCat/Alphv ransomware attacks. The U.S. cybersecurity professionals Ryan Goldberg and Kevin Martin pleaded guilty to charges tied to their roles in BlackCat/Alphv ransomware attacks that occurred in 2023. Court records show Ryan Goldberg, Kevin Martin, and a co-conspirator deployed ALPHV BlackCat ransomware […]